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Iran 'terrified' of Trump presidency as Iranian currency falls to an all-time low

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Iran 'terrified' of Trump presidency as Iranian currency falls to an all-time low

After President-elect Trump’s victory, Iran must now prepare to contend with the man it’s been trying to assassinate for years.

Tehran had reportedly been interfering in the U.S. election on behalf of Vice President Kamala Harris. But with former Trump’s win, the regime will have to prepare for a U.S. leader who is, at the very least, a wild card. 

On Wednesday, the Telegram channel of Iran’s Islamic Revolutionary Guard Corps (IGRC), its military force, posted a video threatening to kill Trump. It ended with footage of a bloodied Trump and the words “We will finish the job.”

Iran has long vowed revenge for Trump approving the 2019 killing of Gen. Qassem Soleimani. 

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President-elect Donald Trump and Iranian leader Ali Khamenei   (Getty Images)

“The Islamic Republic has to be terrified that the presidential candidate that they tried to kill has just won the election,” Behnam Ben Taleblu, an Iran expert at the hawkish Foundation for Defense of Democracies (FDD) think tank, told Fox News Digital. 

“The regime knows it can ill afford more exogenous economic shocks. Even the return of maximum pressure alone to the Islamic Republic is going to cause major, major economic problems.”

Iran’s currency tanked to an all-time low Wednesday after Trump clinched victory, signaling its challenges are far from over in the Middle East as war rages on through proxies in both Gaza and Lebanon. 

After Tuesday’s victory, Iran must now prepare to contend with the man it has been trying to assassinate for years. (AP Photo/Evan Vucci)

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The rial traded at 703,000 rials to the dollar, traders in Tehran said, breaking a record before recovering slightly later in the day to 696,150 to $1.

In 2015, at the time of Iran’s nuclear deal with world powers, the rial was at 32,000 to $1. On July 30, the day Iran’s reformist President Masoud Pezeshkian was sworn in and started his term, the rate was 584,000 to $1.

And despite U.S. sanctions that critics claim have not been enforced, Iran has been able to export near-record amounts of oil, around 1.7 million barrels per day.  

At the same time, Iran could ramp up production to build a nuclear weapon in a matter of weeks by many estimates. 

“Tehran knows maximum pressure is set to return,” said Taleblu. “During this lame duck period, the nuclear saber rattling threat has to be taken seriously, particularly when its conventional deterrence has been so badly beaten.”

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After the Trump administration pulled out of the Iran nuclear deal in 2018, it imposed harsh sanctions on the regime to stop its funding of proxies abroad, banning U.S. citizens from trading with Iran or handling Iranian money. 

It also punished entities in other countries that did business with Iran by cutting them off from the dollar. 

Iran’s supreme leader, Ayatollah Ali Khamenei, has led the yearslong campaign to assassinate Trump. (Atta Kenare/AFP via Getty Image)

President Biden often waived enforcement of such sanctions, keen to bring Tehran back to the negotiating table to prevent it from acquiring nuclear weapons and fearful of driving up global oil prices. 

Iran gained access to more than $10 billion through a State Department sanctions waiver that allowed Iraq to continue buying energy from Iran, which the Biden administration argues is necessary to keep lights on in Baghdad. 

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White House National Security Council spokesperson John Kirby has insisted none of the funds go to the IRGC or Iran’s Supreme Leader Ayatollah Ali Khamenei but are “for humanitarian goods.”

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Iran must also now factor an imminent Trump presidency into how it escalates war with Israel. Israel responded to Tehran’s strikes on Tel Aviv last month with attacks on Iranian military sites, and now Khamenei has vowed harsh countermeasures. 

“Trump’s victory will give Iran pause as it considers striking back at Israel in their tit for tat,” said Sean McFate, adjunct professor at Syracuse University’s Maxwell School of Citizenship and Public Affairs. 

“During Trump’s previous administration, he scuttled the Iran Nuclear Deal (JCPOA), strongly embraced Israel and sought to normalize Jewish-Arab relations in the region. I doubt he will support the Palestinians, and he will likely end the Biden-Harris dual policy of support to both sides in the Gaza conflict. None of this is good for Iran.”

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Trump ordered a drone strike on Iranian Quds Force commander Qassem Soleimani, center, in 2019. (Press Office of Iranian Supreme Leader/Anadolu Agency/Getty Images)

But others predicted Trump may actually be less supportive of Israel, Iran’s No. 1 foe in the region, than the Biden administration due to his anti-interventionist tendencies. 

“There’s the unpredictability factor with Trump,” said Chuck Freilich, former deputy national security adviser in Israel. “They don’t know. They’ll be cautious from that point of view with him and more so than they would have been with Biden.”

“Will they be willing to do what has to be done to prevent Iran from crossing, and that may include military action? The Republican Party has become isolationist.

“Biden sent aircraft carrier groups [near Israel] on four occasions in the last year. That’s an unprecedented deployment of American force, both in support of Israel and to deter Iran. Is [Trump] willing to do that?” he added. “I think he will be maybe even less inclined to use military force than Biden would have been.”

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Officially, Iran brushed off the suggestion a Trump presidency could inflict damage on the regime. 

“The U.S. elections are not really our business. Our policies are steady and don’t change based on individuals. We made the necessary predictions before, and there will not be change in people’s livelihoods,” government spokesperson Fatemeh Mohajerani said, according to the semi-official Tasnim news agency.

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Trump plans to meet with Venezuela opposition leader Maria Corina Machado next week

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Trump plans to meet with Venezuela opposition leader Maria Corina Machado next week

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President Donald Trump said on Thursday that he plans to meet with Venezuelan opposition leader Maria Corina Machado in Washington next week.

During an appearance on Fox News’ “Hannity,” Trump was asked if he intends to meet with Machado after the U.S. struck Venezuela and captured its president, Nicolás Maduro.

“Well, I understand she’s coming in next week sometime, and I look forward to saying hello to her,” Trump said.

Venezuelan opposition leader Maria Corina Machado waves a national flag during a protest called by the opposition on the eve of the presidential inauguration, in Caracas on January 9, 2025. (JUAN BARRETO/AFP via Getty Images)

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This will be Trump’s first meeting with Machado, who the U.S. president stated “doesn’t have the support within or the respect within the country” to lead.

According to reports, Trump’s refusal to support Machado was linked to her accepting the 2025 Nobel Peace Prize, which Trump believed he deserved.

But Trump later told NBC News that while he believed Machado should not have won the award, her acceptance of the prize had “nothing to do with my decision” about the prospect of her leading Venezuela.

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California sues Trump administration over ‘baseless and cruel’ freezing of child-care funds

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California sues Trump administration over ‘baseless and cruel’ freezing of child-care funds

California is suing the Trump administration over its “baseless and cruel” decision to freeze $10 billion in federal funding for child care and family assistance allocated to California and four other Democratic-led states, Atty. Gen. Rob Bonta announced Thursday.

The lawsuit was filed jointly by the five states targeted by the freeze — California, New York, Minnesota, Illinois and Colorado — over the Trump administration’s allegations of widespread fraud within their welfare systems. California alone is facing a loss of about $5 billion in funding, including $1.4 billion for child-care programs.

The lawsuit alleges that the freeze is based on unfounded claims of fraud and infringes on Congress’ spending power as enshrined in the U.S. Constitution. The White House did not immediately respond to a request for comment.

“This is just the latest example of Trump’s willingness to throw vulnerable children, vulnerable families and seniors under the bus if he thinks it will advance his vendetta against California and Democratic-led states,” Bonta said at a Thursday evening news conference.

The $10-billion funding freeze follows the administration’s decision to freeze $185 million in child-care funds to Minnesota, where federal officials allege that as much as half of the roughly $18 billion paid to 14 state-run programs since 2018 may have been fraudulent. Amid the fallout, Gov. Tim Walz has ordered a third-party audit and announced that he will not seek a third term.

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Bonta said that letters sent by the U.S. Department of Health and Human Services announcing the freeze Tuesday provided no evidence to back up claims of widespread fraud and misuse of taxpayer dollars in California. The freeze applies to the Temporary Assistance for Needy Families program, the Social Services Block Grant program and the Child Care and Development Fund.

“This is funding that California parents count on to get the safe and reliable child care they need so that they can go to work and provide for their families,” he said. “It’s funding that helps families on the brink of homelessness keep roofs over their heads.”

Bonta also raised concerns regarding Health and Human Services’ request that California turn over all documents associated with the state’s implementation of the three programs. This requires the state to share personally identifiable information about program participants, a move Bonta called “deeply concerning and also deeply questionable.”

“The administration doesn’t have the authority to override the established, lawful process our states have already gone through to submit plans and receive approval for these funds,” Bonta said. “It doesn’t have the authority to override the U.S. Constitution and trample Congress’ power of the purse.”

The lawsuit was filed in federal court in Manhattan and marked the 53rd suit California had filed against the Trump administration since the president’s inauguration last January. It asks the court to block the funding freeze and the administration’s sweeping demands for documents and data.

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Video: Trump Says ‘Only Time Will Tell’ How Long U.S. Controls Venezuela

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Video: Trump Says ‘Only Time Will Tell’ How Long U.S. Controls Venezuela

new video loaded: Trump Says ‘Only Time Will Tell’ How Long U.S. Controls Venezuela

transcript

transcript

Trump Says ‘Only Time Will Tell’ How Long U.S. Controls Venezuela

President Trump did not say exactly how long the the United states would control Venezuela, but said that it could last years.

“How Long do you think you’ll be running Venezuela?” “Only time will tell. Like three months. six months, a year, longer?” “I would say much longer than that.” “Much longer, and, and —” “We have to rebuild. You have to rebuild the country, and we will rebuild it in a very profitable way. We’re going to be using oil, and we’re going to be taking oil. We’re getting oil prices down, and we’re going to be giving money to Venezuela, which they desperately need. I would love to go, yeah. I think at some point, it will be safe.” “What would trigger a decision to send ground troops into Venezuela?” “I wouldn’t want to tell you that because I can’t, I can’t give up information like that to a reporter. As good as you may be, I just can’t talk about that.” “Would you do it if you couldn’t get at the oil? Would you do it —” “If they’re treating us with great respect. As you know, we’re getting along very well with the administration that is there right now.” “Have you spoken to Delcy Rodríguez?” “I don’t want to comment on that, but Marco speaks to her all the time.”

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President Trump did not say exactly how long the the United states would control Venezuela, but said that it could last years.

January 8, 2026

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